The Gabem Umbrella Companies Blog:
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What can we say of the budget this year? Once you made your way past the mind numbing numbers there was very little in the way of nasty surprises for the likes of you and I apart from the usual rise in duty for alcohol, tobacco and petrol. Perhaps the best we can say is that it was mercifully short.

So with that behind us (or ahead of us if you think of the all the debt we will need to repay as a country), and perhaps to more mundane things it's reached that time of the year to start thinking about how long you will be putting off completing your self-assessments (should you be required to fill one out).

For those of you that have to fill out a self assessment for the first time it's not that bad, especially if you've kept yourself to PAYE work the whole year. It's simply a matter of taking the figures from the forms you've been sent and entering them on the self assessment. For those of you that were self employed at any point in the year, things are more complicated, too complicated for a simple blog, but to make your life easier, if you used CIS or SOLO for your self employed work, you will be getting a statement detailing the amount of work you've done as well as any CIS tax that may have been deducted for the CIS guys.

We are running our self assessment completion service for Umbrella company employees again this year (the details of which you can find here) for £85 + VAT and the closing date for using the service is the 31st of August.

Even if you aren't planning on using the service I encourage you to download the form because of the rather useful checklist it has on it. It just lets you know what you will need to have ready to fill your form out.

One of the things a lot of you will notice this year is the lack of P11Ds. This is because of our expense dispensation. You will only receive a P11D this year if you have claimed for expenses not covered by the dispensation such as training or tools or safety clothing.

All that said the deadlines are a long way off, 31st of October for paper submission and 31st of January for electronic submission, so right now a much more pressing matter is that it's Friday, and the weekend looks like it could well be barbeque weather.

Hugo
24/04/2009